National Highways and Infrastructure Development Corporation Home (NHIDCL) and ILFS transportation signed an MoU for construction of Zojila tunnel at an estimated cost of Rs 6,808.69 crore, the government said today.

The Union Cabinet today approved the construction of Asia's longest bi-directional Zojila Pass tunnel at an estimated cost of Rs 6,089 crore, which will reduce the travel time between Srinagar and Leh to 15 minutes from the current 3.5 hours.

Our country needs massive investment in access of Rs 50 lakh crore in infrastructure to increase growth of GDP and integrate the nation with a network of roads, airports, railways, inland water and to provide good quality services to the people: FM Describing infrastructure as a growth driver of the economy, Finance Minister Arun Jaitley on Thursday increased the budgetary allocation for the sector by Rs 1 lakh crore to Rs 5.97 lakh crore for the 2018-19 fiscal and said the country needs Rs 50 ...